First off, do not be fooled by the fact Bitcoin “dominance” has declined, per Coinmarketcap.com, from 70% to today’s 66%.  The reason it has fallen is not because altcoins are gaining ground, but because CMC has added 2,000 coins since Spring, raising the total from 3,000 or so to nearly 5,000.  Few have any material value – but 2,000 combined amounts to a few percentage points.

In other words, the altcoin bear market continues in full force – and likely, will not reverse until a strong, confirmed bull trend in Bitcoin translates to increased investor confidence.  Fortunately, Bitcoin’s fundamentals have never been stronger – with a near record hash rate; accelerating Central bank lunacy; and as of today, just six months until a potentially historic BTC halving.

Much good is coming from the purge – as many, if not most of the 98% of coins without viable, defensible use cases will die…causing major capital flight to the 2% with them.  More strongly than ever, I believe Bitcoin Rhodium to be one of the 2% - for reasons detailed in hundreds of articles over the past two years.

In true “baby with the bathwater” fashion, its price has fallen significantly in the past six weeks – coincident with the plunge in crypto confidence when Bitcoin crashed from $10,000 to $8,000 in one day, on September 24th.  Consequently, XRC is now trading at roughly .0005-.0006 BTC, or $4-$5 each.

With its blockchain stronger than ever, and a devoted base of miners, XRC will continue indefinitely – just waiting for the spark that reignites interest.  In the meantime, it will only grow scarcer.

To wit, just 860,000 exist, nearly all in the Strong Hands dividend program that is currently scheduled to last seven more years – but may be cut to four, assuming the doubling of this quarter’s reward is made permanent.  

Which, I might add, would cause the program to end just as the late 2022 halving arrives – in which the already miniscule block reward will drop from 2.5 to 1.25.  Currently, just about 350 XRC per day are mined, worth just 0.2 BTC at current prices – but if mining slows further, this amount will reduce further.

Nearly all of the float is concentrated in whales’ hands – and at current prices, just one or two significant buyers could clean up a material amount of what’s left…tightening the float further, and making it a potentially powerful upside powder keg, just waiting for a spark.

With new initiatives like privacy features and the Free Market One decentralized marketplace schedule for launch by mid-2020 – right around the time of said BTC halving – don’t be surprised if 2020 is a major “re-coming out” party for Bitcoin Rhodium.  Just do the math – it doesn’t lie.

Bitcoin Rhodium currently trades on HitBTC, Changelly, p2pb2b.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at ahoffman@cryptogoldcentral.com, or DM/PM me on Twitter or Discord.